The Quarterly Journal of Economics, volume 27

Cover The Quarterly Journal of Economics, volume 27
The Quarterly Journal of Economics, volume 27
Harvard University
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(March 31, 1911).* The net returns transferred to the city treasury in 1910-11 totalled 2,898,800 m., and together with the interest and amortisation payments, the entire income was 3,774,700 m. or 22.2% of the amount of the capital outlay. It should be noted, however, that for the year in question no transfer was made to depreciation funds • — an omission which was due to the desire of the city to find new sources of revenue without increasing the taxes. This vicious practice constitutes one o
...f the greatest dangers for the future solidity of communal undertakings, and cannot be too strongly deprecated.
The fees charged vary according to the purposes for which the electricity is used ^ (whether for illumina- ting purposes, or for electric motors, heating, etc.), and also with the amount consumed. The owners of meters likewise pay a monthly rent for their use, and a single pajrment for installation, usually 50 m., is also required.
*■ Cf. Venraltungaberichte and Hauih«ltaplAiie.


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